China's Liaoning pledges 10 mln T low-grade steel closures by ...Mon, 27 Mar 2017 19:13:00 GMT
Heavy industrial Liaoning, home to struggling state steel mills like the Anshan Group and the Benxi Iron and Steel Group, is a key part of China's strategy to tackle price-sapping overcapacity in the coal and steel sectors. However, the province has ...
US court cancels most of class action against Samarco over deadly ...Mon, 27 Mar 2017 10:02:00 GMT
Samarco, which has annual capacity of roughly 30 million tonnes of iron ore, run out of money last year and its debt already is pegged at more than $3.7bn. In a statement Monday, Vale said the US District Court for the Southern District of New York had ...
Jindal keen to snap up troubled steel cos for expansionSun, 26 Mar 2017 00:00:00 GMT
We are looking at distressed companies for acquisition, JSW Steel Chairman Sajjan Jindal told a select group of mediapersons at
Hosni Mubarak: Egypt's toppled dictator freed after six years ...Fri, 24 Mar 2017 23:37:00 GMT
The notorious steel tycoon Ahmed Ezz, formerly the secretary general of Mubaraks now defunct National Democratic party, was named as an honorary leader of a political party in 2016, although he had previously served three years on corruption charges.
Nucor to modernize Ohio bar millThu, 23 Mar 2017 16:31:20 GMT
Nucor Corporation , a Charlotte-based steel minimill operation, has announced plans to invest $85 million to upgrade the rolling mill at its steel bar steel mill in Marion, Ohio. Nucor Steel Marion says it is the largest producer of rebar and signpost in Ohio.
Steel 2017 Global Market Share, Growth, Trends & Forecast ...Thu, 23 Mar 2017 15:43:00 GMT
The major players in global Steel market include ArcelorMittal S.A., Hesteel Group, Nippon Steel, POSCO, Baosteel Group, Jiangsu Shagang Group, Shougang, Tata Steel, Wuhan Iron and Steel Cor., Shangdong Iron and Steel Group, Hyundai Steel, Nucor ...
More focus needed on ESG factorsThu, 23 Mar 2017 15:15:00 GMT
Bolton cites the tailings dam disaster in 2015 of iron-ore miner Samarco owned by mining giants Vale and BHP Billiton in a joint venture as an example. Nineteen people were killed, dozens were injured and hundreds of people were displaced when the ...
Iran abandons plans for iron ore export tariffsThu, 23 Mar 2017 13:04:00 GMT
Arshiya Sibia, analyst at CRU Group, said Iran's steel output had grown by 9 percent last year, adding that because domestic demand was not strong, they had ramped up exports. Iranian Mines & Mining Industries Development and Renovation (IMIDRO ...
Nucor Co. Forecasted to Earn Q1 2017 Earnings of $1.14 Per ShareThu, 23 Mar 2017 12:00:56 GMT
Research analysts at KeyCorp raised their Q1 2017 EPS estimates for shares of Nucor in a research report issued on Monday. KeyCorp analyst P. Gibbs now expects that the brokerage will post earnings per share of $1.14 for the quarter, up from their prior forecast of $0.71.
Russia: ChMK starts producing beams for industrial shopsThu, 23 Mar 2017 10:31:54 GMT
Chelyabinsk Iron and Steel Works, a part of Mechel, has started producing two types of construction beams. The new beams (45B1 and 45B2) are used in construction of industrial buildings, warehouses and trade premises. So far the company has shipped over 200 tons of beams to local customers. (Ukrainian metal)
EDITORIAL COMMENT: Steel can lead industrial rebirthWed, 22 Mar 2017 17:06:00 GMT
Reviving Zimbabwes steel industry involves a lot more than simply repairing or rebuilding sections of the old Zisco plant in Redcliff. It will involve the shift to more modern requirements and resuscitation of and expansion of a range of mining and ...
KeyCorp Analysts Increase Earnings Estimates for Nucor Co.Tue, 21 Mar 2017 16:07:45 GMT
Analysts at KeyCorp boosted their FY2017 EPS estimates for Nucor in a note issued to investors on Monday. KeyCorp analyst P. Gibbs now anticipates that the brokerage will post earnings per share of $3.75 for the year, up from their previous forecast of $3.70.
Shougang Concord Century : HNA Holding year loss narrows to HK$21.9m; ...Tue, 21 Mar 2017 09:31:00 GMT
All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers 03/17 ARCELORMITTAL: India steel minister says he hopes SAIL, ArcelorMittal resolve J.. 03/17 DJ Judge Suspends Lawsuit Against Firms ...
Vale Debt Upgraded, But Stock ReversesTue, 21 Mar 2017 06:39:00 GMT
Constraining the ratings are the challenging fundamentals for iron ore, its key earning driver ... by the uncertainties regarding the level of support Vale will provide to Samarco or the outcome of existing litigations and the impact it would have on ...
MIDEAST STOCKS-Insurance, petchems dampen Saudi, Qatar rises ...Tue, 21 Mar 2017 02:47:00 GMT
Revenue was also strong, up 30 percent. Other construction and materials-related shares also fell, with Ezz Steel closing 2.7 percent lower. Dubai's index lost 0.5 percent in very thin trade with declining shares outnumbering advancing ones 18 to three.
Tata Metaliks appoints Sandeep Kumar as Additional DirectorTue, 21 Mar 2017 00:00:00 GMT
* Tata Metaliks Ltd, a subsidiary of Tata Steel, today said it has appointed Sandeep Kumar as Additional Director and Executive Directo
Ezz Steel Company SAE - Strategy, SWOT and Corporate Finance ...Mon, 20 Mar 2017 04:53:00 GMT
(live-PR.com) - Ezz Steel Company SAE - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate ...
Egypt's currency trouble affects consumer demand and investor ...Sun, 19 Mar 2017 23:55:00 GMT
Previous article from this chapter and report Hassan Nouh, Managing Director, Ezz Steel, on developments in the steel market and hurdles to growth Next article from this chapter and report
MIDEAST STOCKS-Insurance shares buoy Saudi, weak currency aids ...Sun, 19 Mar 2017 21:07:00 GMT
Export-oriented shares that could benefit from a weak pound, and real estate shares which are seen as a hedge against currency depreciation, were some of the top gainers with Ezz Steel climbing 3.3 percent and property developer Talaat Mostafa gaining 3.5 ...
NRZ sinking like Zisco, warns ex-executiveSun, 19 Mar 2017 01:04:00 GMT
A former executive at the National Railways of Zimbabwe (NRZ) has warned government to keep its hands off the company lest it collapses like the Zimbabwe Iron and Steel Company (Zisco). Zisco has not been operating for years and plans to resuscitate the ...
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